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The Trade Desk (TTD) to Report Q2 Earnings: What's in Store?
The Trade Desk (TTD - Free Report) is set to release second-quarter 2021 results on Aug 9.
For the quarter, the company expects revenues between $259 million and $262 million.
The Zacks Consensus Estimate for the top line is currently pegged at $261.5 million, indicating 87.6% growth from the year-ago quarter’s reported figure.
However, the consensus mark for earnings has been unchanged at 13 cents per share over the past 30 days, suggesting 44.4% growth from the figure reported in the year-ago quarter.
The Trade Desk Inc. Price and EPS Surprise
The Trade Desk Inc. price-eps-surprise | The Trade Desk Inc. Quote
The company’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, delivering an earnings surprise of 117.1%, on average.
Let’s see how things have shaped up prior to this announcement:
Factors to Consider
The Trade Desk’s top line, in the second quarter, is expected to have benefited from momentum in programmatic ad buying. The emergence of digital content boosted usage of the company’s inventory across all forms of Connected-TV (“CTV”).
Strong CTV spending is expected to have continued in the to-be-reported quarter. Partnerships with Walmart (WMT - Free Report) and Publicis are anticipated to have driven top-line growth.
Consistent customer retention is expected to have perked up the company’s revenues during the quarter. The Trade Desk’s customer-retention rate has remained more than 95%, as it has for the previous seven years.
However, accelerated spending is expected to have hurt bottom-line growth in the to-be-reported quarter.
What Our Model Indicates
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
The Trade Desk has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle:
Avnet (AVT - Free Report) has an Earnings ESP of +9.82% and a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.
CyberArk Software (CYBR - Free Report) has an Earnings ESP of +37.93% and is #2 Ranked.